December 2009/1

Perils AG, established this year to aggregate and provide industry-wide European catastrophe insurance data, has launched its industry loss index service for European windstorm events.

2009 nat cat and man-made losses halve to $24bn; adding to pressure on forthcoming renewals.

Willis has cut itself free from a $400mn Sword of Damocles hanging over its balance sheet in the form of a financial obligation to consolidate affiliate Gras Savoye.

Jardine Lloyd Thompson (JLT) has edged nearer towards its goal of employee benefits comprising a third of its overall portfolio, with the acquisition of HSBC Actuaries and Consultants (HACL).

International wholesale markets such as London, Bermuda and Singapore should be long-term beneficiaries from a global restructuring by the world's largest broker Aon.

Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.

Rod Fox's ambitious start-up is defying received wisdom as it continues build-out; declines to comment on BMS M&A talks

Lloyd's insurer looks to stimulate investor interest by undertaking a bold bid to free up blocks of capital and generate capital efficiencies

One of the largest start-ups in Lloyd's next year is likely to be the Bermudian-domiciled Allied World, provided it receives approval for a mid-year launch.

Munich Re is pushing a $10bn climate insurance pool scheme for inclusion in the final Copenhagen Document due to emerge from the United Nations Climate Change Conference.

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A lack of Lloyd's Names support has led Munich Re to withdraw its sidecar vehicle Special Purpose Syndicate (SPS) 6108, which was slated to write a quota share of the new Syndicate 2318, Trading Risk understands.